Emphasizing practical use, this best-selling textbook provides an introduction to the topics of probability, statistics, reliability, and risk methods. The third edition focuses on decision making under uncertainty, includes a more diversified presentation of applications from various engineering disciplines, and highlights simulation methods. With over 150 computational examples and more than 60 case study applications, this edition also contains more complex examples to demonstrate certain types of computations as well as additional problems and illustrations for better understanding. Data sets are available online.